Doubling a country's economy with the click of a mouse
Kotka claims e-residency will be totally secure. To qualify, you must supply biometric data — like finger prints — and be vetted. However, Ian Bond, a former British ambassador to neighboring Latvia and now at the CER, is not entirely reassured.
"I would have some concerns about who exactly would be getting e-residency. With Russia on its doorstep, there is a risk of money laundering. There is a risk of exploitation by organized crime. $64 won't pay for much in-depth vetting," he says.
Listen to the interview here (1:57).